Startups

As an entrepreneur, you have learned how to wear multiple hats. You handle everything from developing sales pitches to managing employees to managing expenses. Nobody said it would be easy! And fortunately, you love a good challenge.

But nobody said you had to do it all alone!

As you scale, it’s critical you build a relationship with an accounting partner that can scale along with the needs of your business. Even more importantly, if you want evolve from a startup to a long-term sustainable business, then you really have to focus on connecting with your market and generating revenue. Those customer relationships will help you attract investment capital.

And when you have the attention of angel investors, venture funds and other investors, you want your company to be ready for the audit process and even a potential IPO.

Scalable Accounting and Finance Services

You’re starting up your business and have to be as fiscally responsible as possible. You have learned how to stretch a dollar further than most. In fact, your picture appears next to the word “bootstrapping” in the dictionary.

And while timely and reliable accounting statements are a must, you do not have the budget to staff a complete Accounting and Finance Department. You need a partner who can provide cost-effective and high-quality solution in the area(s) where you have specific gaps in expertise.

CoEfficient Services offers a complete spectrum of Accounting and Finance staff to meet your specific needs. And best of all, you can hire us on a flexible and scalable basis. This means we are a variable cost you control depending on your needs and budget allocation.

As the startup founder, or member of the management team, you should focus on that.

Our team at CoEfficient Services can handle the day-to-day mundane tasks associated with proper bookkeeping and accounting practices.

Attracting Investment Capital

When you have a solid understanding and solid data to show your cost structure and operational burn rate, you can become more attractive to investment community, whether you are going after an angel round, ready for a series A or looking for some growth equity.

Being Due Diligence, Audit and IPO-ready

When you have an LOI on the table from an interested investor, you want your books to be ready for the diligence or audit process. This means clean quarterly closes, solid documentation and proper treatment of revenue and expenses. This will cut down on their analysis and decision time, and make it a pave the way for clearer decision path for all parties involved.

Likewise, once you turn towards IPO, you’ll typically need 5 years of solid accounting history. Doing it right from the start is always easier than trying to recreate it when you really need the statement. Having clean financial statements can minimize negative surprises and the amount of time it takes for banks and other parties to prepare your company for your offering.